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Oct 4, 2013
10/13
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ceiling issue? isn't this the time? >> well, if anything the president has been more clear on the debt ceiling, the language is pretty tough, it is uncompromising, and, you know, that's when he first brought it up was on -- by the way, the debt ceiling, we've already spent that money and they need to just do this. there are ways around it. we were discussing this this morning, there are lots of things they could do. the problem for republicans right now they need someone to negotiate with other than themselves. >> so what kind of back room conversations might actually be going on other than this meeting, dana bash, that happened with john boehner in the last hour where i'm not even sure who was part of that meeting, which members are part of the meeting. maybe you could start from there and what kind of conversations can we assume he was having? >> well, the speaker is coming from a meeting with all house republicans and our deirdre walsh has been talking to members coming out. they didn't even talk
ceiling issue? isn't this the time? >> well, if anything the president has been more clear on the debt ceiling, the language is pretty tough, it is uncompromising, and, you know, that's when he first brought it up was on -- by the way, the debt ceiling, we've already spent that money and they need to just do this. there are ways around it. we were discussing this this morning, there are lots of things they could do. the problem for republicans right now they need someone to negotiate with...
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Oct 2, 2013
10/13
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if debt ceiling issue is serious. america should not dine and dash. we have to get our debt and entitlement rournld control. the american people does not eat our spending meal and run out the door -- >> that assumes that -- when we are -- up against the wall like average americans do, you -- reprioritize our finances. like we may pay the mortgage or rent first when we are up against the wall. the government would pay the bond holders first to a void default. that would be -- heinous if they didn't. the president might be making a scarier deal out of this and -- unnecessarily. >> even under your scenario if they partially, you know, couldn't pay their bills and sequence the most important one first, that could last for a while. >> it is not pleasant. not pretty. >> i notion that the united states of america can't pay all of its bills or won't or so dysfunctional it can't sends a pretty shocking signal to the markets. >> do you think that the republicans then are really risking their political capital doing? >> they feel very strongly about the issues t
if debt ceiling issue is serious. america should not dine and dash. we have to get our debt and entitlement rournld control. the american people does not eat our spending meal and run out the door -- >> that assumes that -- when we are -- up against the wall like average americans do, you -- reprioritize our finances. like we may pay the mortgage or rent first when we are up against the wall. the government would pay the bond holders first to a void default. that would be -- heinous if...
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Oct 3, 2013
10/13
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ceiling issue. we should do it now before we run out of money. the problem here is you seem to have those same members of the ted cruz conference who don't care about government. in fact, if you talk to some of them, they will tell you they came here to try to destroy government. we could not allow that to happen. i put out a plea to my moderate republican friends, it is time for you to stand up in the fight just like they are fighting. >> congressman, great to see you. thank for your time and being patient as we've been rolling with punches this hour. thank you. you've been tweeting us at the #don'tshutmedown. back with responses after the break. don't go anywhere. >> my heart and prayers go out to those 800,000 or so government workers who are on furlough. i pray god keeps you and your family. but my anger goes out to the republican congress. there are people who work very hard and still only able to live check to check. people who deserve health care and people who vote. i have you to remember th
ceiling issue. we should do it now before we run out of money. the problem here is you seem to have those same members of the ted cruz conference who don't care about government. in fact, if you talk to some of them, they will tell you they came here to try to destroy government. we could not allow that to happen. i put out a plea to my moderate republican friends, it is time for you to stand up in the fight just like they are fighting. >> congressman, great to see you. thank for your...
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Oct 16, 2013
10/13
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but now we have the debt ceiling issue there and the prospect or the potential for a default may be that changing the situation anticipate tests the holders of treasury's nerves. we watch this carefully but no immediate reaction really in the fixed income markets. i want to move you on. there is another story that, again, people are watching closely in these markets and that's whether the treasury is able to prioritize its payments and just make sure bond holders get their coupons paid. perhaps ahead of social security payments or to government workers. there is an argument going on, jack lew at the treasury says, yes, we can prioritize to a certain extent. moody's says i'm not sure if your system will work effecti effectively to do that that's the current state taking place over what payments could be maid if this goes over the cliff. >> secures the credit if you pay the bonds but political ily it's tough if you don't send out the social security checks so it's a real tricky balance. i just noticed the stock futures are positive. either the global market reaction, what was it overheight
but now we have the debt ceiling issue there and the prospect or the potential for a default may be that changing the situation anticipate tests the holders of treasury's nerves. we watch this carefully but no immediate reaction really in the fixed income markets. i want to move you on. there is another story that, again, people are watching closely in these markets and that's whether the treasury is able to prioritize its payments and just make sure bond holders get their coupons paid. perhaps...
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Oct 17, 2013
10/13
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CNN
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the big battle, it seems to me, before we get down to shutdown and debt ceiling issues in january and february will be over obama care. there will be gloves off, and a straight assault on the great plank of president obama's presidency. what do you think will happen with that? because at the moment, the system itself seems to be failing. >> well, where they're looking at is one piece of it. an important piece, but this is the exchange piece, the important pieces are actually working in many, many parts of the country, in california, those exchanges are working where the governors took control over the issues. the exchanges are working, the national exchange has its headaches, no doubt babout it. but that is just one small part of the affordable care act, you take a look at the exchange, the things like pre-existing conditions for children. for parents, and guaranteed coverages, all of those insurance reforms are now in place. the patient's bill of rights. and we're also seeing the reduction in the inflation rate in medical services both for the government, medicaid and medicare, as we
the big battle, it seems to me, before we get down to shutdown and debt ceiling issues in january and february will be over obama care. there will be gloves off, and a straight assault on the great plank of president obama's presidency. what do you think will happen with that? because at the moment, the system itself seems to be failing. >> well, where they're looking at is one piece of it. an important piece, but this is the exchange piece, the important pieces are actually working in...
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Jan 14, 2013
01/13
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but we can't move beyond the debt ceiling issue. i knew that would be a stopper, a game stopper. so we have to address that. now, the conditions exist that there can be a grand compromise that will move the economy forward or we can just go into free fall. for example, the last negotiation on the debt ceiling, well, the president, i thought, gave more than he should have given, but nonetheless, he did that. now the onus is on the rps to come to the table. because, see, what has happened is, tax cuts are essentially -- tax increases are off the table. and we got revenue from that. not enough that we needed, but that's off the table. and that was a big issue for the republicans. >> danny, let's move on. let's talk about the possibility of a government shutdown. the president seemed to indicate that it was, first of all, the republicans' responsibility. that they were going to take the onus, the responsibility for this, and that it was potentially something that he was willing to allow happen, because he felt that most people will blame the republicans. if the government shuts down,
but we can't move beyond the debt ceiling issue. i knew that would be a stopper, a game stopper. so we have to address that. now, the conditions exist that there can be a grand compromise that will move the economy forward or we can just go into free fall. for example, the last negotiation on the debt ceiling, well, the president, i thought, gave more than he should have given, but nonetheless, he did that. now the onus is on the rps to come to the table. because, see, what has happened is, tax...
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Oct 17, 2013
10/13
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or spending or the debt ceiling, none of those issues are being dealt with and this is a truly bipartisan effort to do nothing. that is really what we have done here today. literally doing nothing in the big scheme of things or picture of things from the business a business standpoint and we will have these exact same fights in january integrate it we are having today. lou: it's unhealthy if the conservatives -- i couldn't agree with you more, if they don't learn something as the congresswoman was saying. they don't learn something from this, the spectacle, they didn't learn anything from 2011 and they must learn something, being the republicans and the republican leadership of the conservatives from what has transpired here today. the senate has begun voting. let me ask you this. senator ted cruz, he now has a small group of folks around him and he represents a lot of important principles for millions of americans. but he has stepped in it politically and personally here with his -- with these tactics in the senate? >> we can debate the tactics. without senator ted cruz, we would not be
or spending or the debt ceiling, none of those issues are being dealt with and this is a truly bipartisan effort to do nothing. that is really what we have done here today. literally doing nothing in the big scheme of things or picture of things from the business a business standpoint and we will have these exact same fights in january integrate it we are having today. lou: it's unhealthy if the conservatives -- i couldn't agree with you more, if they don't learn something as the congresswoman...
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Oct 17, 2013
10/13
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this is congress' job to raise the debt ceiling. it's congress' job to fund the government and if the president gets involved and tries to negotiate around those issues, then he's seen as setting a poor precedent for not only his presidency but other presidencies in the future. >> rose: thank you very much julianna, thank you david. >> thank you charlie. >> rose: we'll wait and see what happens in the house. back in a moment stay with us. >> rose: mariano rivera is here and just to say that means so many people i know are envious of me because i'm sit n this chair and they are not. he's one of the greatest baseball player ever and closing pitcher of the game i've ever seen. he's retiring after 19 seasons with the new york yankees. he won five world series ring for the franchise and recorded the final out for four of those victories. in the "new york times" it was said last month in a game in which perfection is elusive, he was reliably sublyme in the high stress vocation of ninth inning pitching, he was the embodiment of zen calm ma
this is congress' job to raise the debt ceiling. it's congress' job to fund the government and if the president gets involved and tries to negotiate around those issues, then he's seen as setting a poor precedent for not only his presidency but other presidencies in the future. >> rose: thank you very much julianna, thank you david. >> thank you charlie. >> rose: we'll wait and see what happens in the house. back in a moment stay with us. >> rose: mariano rivera is here...
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Jan 3, 2013
01/13
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they would have leverage because of the debt ceiling. but it cuts both ways. bret explained there were technical issues there earlier but the fact of the matter is the president can stand back to say the irresponsible republicans are playing with our nation's credit. a lot of political oomph to that. it would be risky for them. >> on the flip side, every poll you ask about concern about the debt, passing on all of this to your kids or grand kids, is still out there. that there is concern about it. it's just, how you phrase it. how do that play? >> we have history on this. a debt ceiling debacle. in july of august of 2011. it's true that republicans in house took a hit in public opinion. but so did obama. people expect him to be a leader. if you have an injury to our credit rating, they will say yes. of course, republicans in the house. he gets hurt on that. it's equal. unequal on the fiscal cliff. the republicans have to be united but not only in the prescription approximately. unite on what they want. on plan "a" or "b" or "c." it's not all ad hoc. it can be
they would have leverage because of the debt ceiling. but it cuts both ways. bret explained there were technical issues there earlier but the fact of the matter is the president can stand back to say the irresponsible republicans are playing with our nation's credit. a lot of political oomph to that. it would be risky for them. >> on the flip side, every poll you ask about concern about the debt, passing on all of this to your kids or grand kids, is still out there. that there is concern...
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Oct 17, 2013
10/13
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we offered to the president to increase the debt ceiling just for an agreement to start negotiating on the bigger spending issues he refused to negotiate. so, you know you've got a situation where the president got everything he wanted but we didn't solve a problem. soit was a bad situation for everybody. a lot of us didn't want to be in this position. i think the president wanted this to happen for a long time. >> we talked about this. ed mentioned it, he wants to break the fever he says of the republican party split from the republican party. do you think that happened?. >> i don't think the republican party is split. i think there is a lot of frustration you've got a president of the united states who doesn't want to negotiate with another party in a two-party system. we've got got a divided nation. the election shows that. the way our founding fathers set this up, people that have disagreements sit in a room and work them out. you don't have one person saying you give me everything i want or i'll shut the government down that. is what the president did. >> people are looking and sa
we offered to the president to increase the debt ceiling just for an agreement to start negotiating on the bigger spending issues he refused to negotiate. so, you know you've got a situation where the president got everything he wanted but we didn't solve a problem. soit was a bad situation for everybody. a lot of us didn't want to be in this position. i think the president wanted this to happen for a long time. >> we talked about this. ed mentioned it, he wants to break the fever he says...
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see what you have got now is the parameters of the next five and that is the debt ceiling fight. you have republicans saying and have been saying for the last couple of years that any increase in the debt ceiling must be able to the number of cuts to federal spending. the white house position is congress's duty is to pass the debt ceiling and pass it clean debt ceiling index because basically what the debt ceiling is authorizing the spending for the arra wing that corresponds to the spending that congress approves. republicans want to use that as an opportunity to say look this is a reminder of how much money we are spending and we need to get that spending under control so already you have this debate again, republicans with an exact number of corresponding cuts in the debt ceiling in the white house telling congress to just raise the debt ceiling. that will be the next the next vitamin e look at what treasury has put out, technically the federal government has hit its debt ceiling. what the treasury can do is, treasury does a lot with the reinvesting of certain payments in cert
see what you have got now is the parameters of the next five and that is the debt ceiling fight. you have republicans saying and have been saying for the last couple of years that any increase in the debt ceiling must be able to the number of cuts to federal spending. the white house position is congress's duty is to pass the debt ceiling and pass it clean debt ceiling index because basically what the debt ceiling is authorizing the spending for the arra wing that corresponds to the spending...
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Sep 30, 2013
09/13
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that is, the debt ceiling issue. that is, when we sort of run out of our credit line here. that happens on or around october 17th when they either raise that limit or we face the possibility, not being able to pay our bills. now, that gets to be an issue of solvency. you only go insolvent or default technically if you cannot make good on an interest payment to bond holders. you lose the full faith and credit of investors in this credit, if and when that happens. of course, it has never happened. but some extent that issue of a default. not making good on a social security check or a medicare check. but the technical definition is more having to do with not paying bond holders. >> it's never happened because we have never revenue coming in through tax receipts every single moth to cover -- >> not a priority because you couldn't -- would you ever make it a case where the obama administration would do that? because you wouldn't let that on your watch, would you? >> no, and look, we've had already one humiliating credit downgrade on this president's watch. i don't put anything
that is, the debt ceiling issue. that is, when we sort of run out of our credit line here. that happens on or around october 17th when they either raise that limit or we face the possibility, not being able to pay our bills. now, that gets to be an issue of solvency. you only go insolvent or default technically if you cannot make good on an interest payment to bond holders. you lose the full faith and credit of investors in this credit, if and when that happens. of course, it has never...
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Jan 14, 2013
01/13
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he even challenged on the issue of the debt ceiling when he was in the senate. he said that he wouldn't raise the debt ceiling, and now he is saying that the obligation exists for that to take place right now. he also laid out what i think is going to define some of the next several weeks, which is the issue of gun control. we are expecting that the vice president would be providing his recommendations following his gun violence task force about a month to the day now after the newtown shootings. those recommendations were expected tomorrow. the vice president is sitting down, alex, with the president for what will be a late lunch after about a 51 minute news conference wrapping up to share those proposals and the president made clear that later this week he will then have a more full presentation on what he plans to pursue going forward. i think he had a pretty candid admission in that news conference as well as it relates to this issue of guns. one of the very hotly contested topics on that is whether or not to reinstate the assault weapons ban. the president
he even challenged on the issue of the debt ceiling when he was in the senate. he said that he wouldn't raise the debt ceiling, and now he is saying that the obligation exists for that to take place right now. he also laid out what i think is going to define some of the next several weeks, which is the issue of gun control. we are expecting that the vice president would be providing his recommendations following his gun violence task force about a month to the day now after the newtown...
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Jan 15, 2013
01/13
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, the debt ceiling, maybe the war in afghanistan could have gotten a word today, or a question are we really getting out. in the d.c. media they're concerned about who is at what cocktail party and what everybody is wearing and how come you're not talking to more people. meanwhile, the president said he puts out invitations to the white house all the time. >> we invite folks from congress over here all the time. sometimes they don't choose to come, and that has to do with the fact that i think they don't consider the optics useful for them politically. >> ah-ha. you can't get your picture taken with the president. that's not good. boehner has turned down invitations to five state dinners a row. mitch mcconnell and three other republican senators turned down an invitation just to watch the movie "lincoln" over at the white house. it might have embarrassed them a little bit. these snubs are nothing new from republicans. it's dangerous politically for republicans to be seen at the white house. and there is always a tea party candidate close by, waiting to primary anybody who works with t
, the debt ceiling, maybe the war in afghanistan could have gotten a word today, or a question are we really getting out. in the d.c. media they're concerned about who is at what cocktail party and what everybody is wearing and how come you're not talking to more people. meanwhile, the president said he puts out invitations to the white house all the time. >> we invite folks from congress over here all the time. sometimes they don't choose to come, and that has to do with the fact that i...
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ceiling issue as well. you know, they say, listen, the way wall street sees it, there's going to be more of this kind of selloff if washington doesn't get its act together and come up with a solution on both of those issues. the path of least resistance as far as wall street sees it is down. you look at the dow, it's been down ten of the past 13 sessions. most analysts expect stocks to stay under pressure until a deal is done. most really believe that a default is unlikely, but here's the thing. if one does happen, wolf, one analyst says the s&p 500 can drop 45%. you'd feel that right in your investments because the s&p 500 is what your retirement funds, your 401(k) funds closely sort of track. the estimate it could drop 45%, that's a big deal. wolf? >> that's a huge deal. a lot of people would be -- that would be a disaster for so many people. thanks so much, alison. we'll continue to watch the markets, see how it reacts after the president's news conference. he starts in a few minutes. we'll have live cov
ceiling issue as well. you know, they say, listen, the way wall street sees it, there's going to be more of this kind of selloff if washington doesn't get its act together and come up with a solution on both of those issues. the path of least resistance as far as wall street sees it is down. you look at the dow, it's been down ten of the past 13 sessions. most analysts expect stocks to stay under pressure until a deal is done. most really believe that a default is unlikely, but here's the...
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Oct 7, 2013
10/13
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we're in, shutdown mode, fastly and quickly approaching the debt ceiling issue on the 17th. speaker boehner was reluctant to say he wants to play with this, the default issue, at least yesterday, appearing with george stephanopoulos. it doesn't seem as if he's talking that way but everybody is pushing him that way. >> reporter: john boehner's -- if you take the republican party into two and have the tea party red blooded meat crowd and country club free market crowd, he's a part of the latter. plastics company from ohio, millionaire that lives on a golf course. he doesn't want to see the united states default on its debt. that's a lot of folks i'm sure close to him have called and said not to let it happen. a lot of concern among the establishment and those folks on wall street about house republicans playing with the debt limit idea. the problem is as we said all along, there's a group that doesn't want to see that go up. but everyone thinkds that john boehner would never in a million years let the united states default. you've seen goldman sachs, which i'm sure you saw whe
we're in, shutdown mode, fastly and quickly approaching the debt ceiling issue on the 17th. speaker boehner was reluctant to say he wants to play with this, the default issue, at least yesterday, appearing with george stephanopoulos. it doesn't seem as if he's talking that way but everybody is pushing him that way. >> reporter: john boehner's -- if you take the republican party into two and have the tea party red blooded meat crowd and country club free market crowd, he's a part of the...
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Jan 2, 2013
01/13
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last time we had a debt ceiling issue his pop lrt sank. sank from republicans in the house i'm not sure he wants to carry that risk. >> i think charles is right he's going take another shot at raising taxes. i don't know if he's going to get another shot. he did make it clear spending cuts are on the table but it has to be balanced and he is sounding like he is going to keep fighting. and that is going to be a battle with republicans. in week skbz months to come. others noted it's the sequester patch, continuing resolution to keep the government running and we'll be at the brink all the time. >> well, look. look in conthem. is never gok a good outcome for republicans we've known that are from election day. here we are. it's not a good outcome for republicans. i think the president is wrong he won't be having the debate over a debt limit as a matter of fact. republicans are think are right to push that. they understand the thrust of the debate for the better part of the year has been on taxes. has been on revenues and a debate and an argume
last time we had a debt ceiling issue his pop lrt sank. sank from republicans in the house i'm not sure he wants to carry that risk. >> i think charles is right he's going take another shot at raising taxes. i don't know if he's going to get another shot. he did make it clear spending cuts are on the table but it has to be balanced and he is sounding like he is going to keep fighting. and that is going to be a battle with republicans. in week skbz months to come. others noted it's the...
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Oct 15, 2013
10/13
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CNN
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the debt -- raising the debt ceiling and default are two different issues. we've got enough money coming in to service our debt, the principal and interest. we've got more than enough to service that. what i'm saying is this is a time to address this and if we take this head-on, my feeling is our creditors will be thankful that we're finally saying you know what, instead of kicking the can down the road, instead of having this debate, instead of raising our debt limit to $23 trillion is what it's predicted in the next four years, let's deal with this now, let's get it under control and that would bring stability so that we don't go through this every year or every year and a half. let's put an end to it. let's get the regular order, regular appropriations, let's get back to a budget. those are the things that the american people want and i say this is the time, because not to do it now, you are going to have to do it at the first of the year or six months from now or a year. the american people are tired of that. it's time that we address this problem head-o
the debt -- raising the debt ceiling and default are two different issues. we've got enough money coming in to service our debt, the principal and interest. we've got more than enough to service that. what i'm saying is this is a time to address this and if we take this head-on, my feeling is our creditors will be thankful that we're finally saying you know what, instead of kicking the can down the road, instead of having this debate, instead of raising our debt limit to $23 trillion is what...
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Oct 13, 2013
10/13
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and as we approach this debt ceiling issue, we need savings and reforms. because, look, this is like going to the bank, saying, hey, i want to borrow more money. the banker says, you're spending more than you're taking in. what adjustments are you going to make? if the president needs more time to negotiate, that's fine. we can do it with some short term extensions, but we've got to address underlying problems for the good of this country. >> senator, with all due respect, my question was, are you concerned about the damage it is doing to your party? >> i'm concerned about getting our job done. that's what the american people send us here to do. and i think that applies whether you're a republican or a democrat. >> so you're not concerned about the polls? >> look, i'm concerned about doing a good job, of course. as a republican, i think democrats have to be concerned, too. everybody should be concerned about getting the job done. that's the priority, getting the job done for the american people. >> all right, senator. thank you very much. we appreciate it.
and as we approach this debt ceiling issue, we need savings and reforms. because, look, this is like going to the bank, saying, hey, i want to borrow more money. the banker says, you're spending more than you're taking in. what adjustments are you going to make? if the president needs more time to negotiate, that's fine. we can do it with some short term extensions, but we've got to address underlying problems for the good of this country. >> senator, with all due respect, my question...
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Oct 15, 2013
10/13
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i have been less than satisfied with the leadership we've seen on the debt ceiling issue and on the leadership on what final deal we might get to. the president did invite us over last friday. we had a forth right meeting in the white house. a lot of things in the final deal were discussed that day and that bodes well for us getting a final deal. >> one final question. next 48 hours, deal or no deal? >> there will be a deal in my opinion. there's no excuse for there not being one. >> johnny isakson, the republican senator from georgia. thanks very much. >> thanks, wolf. >>> almost 5.2 million, that's how many u.s. veterans may not get benefit checks if the partial government shutdown isn't ended in the coming days. we're going live to a rally at the world war ii memorial here in washington. that's next. [ male announcer ] this store knows how to handle a saturday crowd. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools introduce themselves. all the bits and bulbs keep themselves stocked. and the doors even
i have been less than satisfied with the leadership we've seen on the debt ceiling issue and on the leadership on what final deal we might get to. the president did invite us over last friday. we had a forth right meeting in the white house. a lot of things in the final deal were discussed that day and that bodes well for us getting a final deal. >> one final question. next 48 hours, deal or no deal? >> there will be a deal in my opinion. there's no excuse for there not being one....
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Oct 16, 2013
10/13
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ceiling. and it certainly doesn't seem based on my armchair analysis to have won in the adherrance to anything substantive. but it is important to note, that the voices calling for a reasonable approach and compromise have been democratic and republicans, there is i think large constitency of conservative republicans who believe that, it is not right for the american people and american economy to take an all-or-nothing approach. we have heard those voices and some of the republicans who expressed that opinion are the ones who are helpful in the senate in helping to bring about the agreement that was answered today. >> thank you for trying to answer the republican side. >> i didn't really. >> but you tried. from the president's perspective in an interview with wabc in new york, he said the problem speaker boehner gets weakened every time he gets an agreement and he goes back and can't control his caucus. question very simple: what does the solution. does the president want a new speaker or new
ceiling. and it certainly doesn't seem based on my armchair analysis to have won in the adherrance to anything substantive. but it is important to note, that the voices calling for a reasonable approach and compromise have been democratic and republicans, there is i think large constitency of conservative republicans who believe that, it is not right for the american people and american economy to take an all-or-nothing approach. we have heard those voices and some of the republicans who...
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Oct 15, 2013
10/13
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and republicans wanted to do a shorter debt ceiling increase because they do want to use that issue as leverage for all of the things that they want in the future. entitlement reform, tax reform. anything that they can get as a broader deal, dealing with the debt and deficit. so that is a bit of a change, but with regard to reopening the government, the framework of this deal seems to be pass a bill, fund the government until january 15th, and making sure that budget negotiators have a deadline before the month of december, so the hope is we don't have this crisis again, that they actually do their work, put together a deal that lasts throughout the crisis. and the government would be funded throughout january. >> and it seems, dana, there are issues on the table, is there a possibility -- the senate democratic leaders have refused such a thing in the past. >> it seems like a real probability, this is from sources in both parties, anderson, even some democratic sources who vowed never to put anything on the table with regard to obama care, because they didn't want to use it as ransom t
and republicans wanted to do a shorter debt ceiling increase because they do want to use that issue as leverage for all of the things that they want in the future. entitlement reform, tax reform. anything that they can get as a broader deal, dealing with the debt and deficit. so that is a bit of a change, but with regard to reopening the government, the framework of this deal seems to be pass a bill, fund the government until january 15th, and making sure that budget negotiators have a deadline...
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Oct 21, 2013
10/13
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MSNBC
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. >> meanwhile we're in this bill big limbo discussion with the debt ceiling debate again and with the aca and open enrollment taking place and issues on the website, do you feel there's a white hot spotlight now directed on health and human services secretary kathleen sebelius. she agreed now to testify this week before a congressional committee and people will want to see someone acknowledge the problems and own up to them and potentially take the fall for it. >> well, thomas, i think our focus now needs to be making sure we get the system up and running. i hope that's what secretary sebelius is focused on. there will be time later to try to do a reretrospective and lessons for the future. but right now we need that surge the president is talking about. we need to make sure millions of americans have the ability to finally access this affordable health care. you were talking earlier about the reaction senator cruz got back in texas. i think the question for the house republicans going forward is not whether senator cruz or tea party republicans in the house have learned the lesson th
. >> meanwhile we're in this bill big limbo discussion with the debt ceiling debate again and with the aca and open enrollment taking place and issues on the website, do you feel there's a white hot spotlight now directed on health and human services secretary kathleen sebelius. she agreed now to testify this week before a congressional committee and people will want to see someone acknowledge the problems and own up to them and potentially take the fall for it. >> well, thomas, i...
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Jan 1, 2013
01/13
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FOXNEWSW
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the debt ceiling debate is a mini cliff if you will for many investors and traders. there will be so many more problems coming up in next six months out of washington. the spending is a big issue. s&p downgraded the credit agency of the councilmember. he and other ratings are watching the fight in washington if you will carefully. they will have to look and decide whether or not they want to again re-evaluate the credit rating of the country, that affects the borrowing cost for the u.s. government, for states, cities. you name it. a lot of unanswered questions here right now. >> bret: cheryl casone in new york. cheryl, thank you. we will be watching the markets, especially the asian markets when they open in just 30 minutes. thank you. the question is now what happens with the u.s. house of representatives? how does speaker boehner move forward as the meeting is breaking up? we have inside scoop from behind those closed doors. and perhaps a strategy, path way forward. we have a live interview with the vice chairman of the budget committee. he will join us on the othe
the debt ceiling debate is a mini cliff if you will for many investors and traders. there will be so many more problems coming up in next six months out of washington. the spending is a big issue. s&p downgraded the credit agency of the councilmember. he and other ratings are watching the fight in washington if you will carefully. they will have to look and decide whether or not they want to again re-evaluate the credit rating of the country, that affects the borrowing cost for the u.s....
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Oct 10, 2013
10/13
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FOXNEWSW
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it's the debt ceiling issue and the catastrophic talk from the white house that has wall street nervous. when we hear signs in washington of potential progress, temporary debt ceiling fix, we saw the market recall y. the dow up 323 points today. that's more than 2%. ditto for the nasdaq and the s&p 500. everything is in the green today. one thing in the red is the volatility index. that is down by 14%. yesterday we hit the highest level of the year. everybody was so nervous. now they see politicians, a., talk, and, b., perhaps coming together, and perhaps we can avert a potential default. and we're liking it. other people say we should wake up tomorrow morning, eric, and this 323-point game-the-strongest of the year could be erased and we'll be right back where we started. we have to watch the talk in washington but we have a little bit of relief and a little bit of hope on wall street. >> interesting that those guys down there believe those guys over there are going to get their act together. we'll leave -- >> i wouldn't go that far. >> very good, lauren. thank you very much. >> the wh
it's the debt ceiling issue and the catastrophic talk from the white house that has wall street nervous. when we hear signs in washington of potential progress, temporary debt ceiling fix, we saw the market recall y. the dow up 323 points today. that's more than 2%. ditto for the nasdaq and the s&p 500. everything is in the green today. one thing in the red is the volatility index. that is down by 14%. yesterday we hit the highest level of the year. everybody was so nervous. now they see...
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Oct 15, 2013
10/13
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MSNBC
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and we hope that there will be some kind of resolution before we hit this disastrous debt ceiling. thank you, sir. >> thank you, martin. >>> coming up, the great american middle. it exists, regardless of what washington may have you believe. and jeffrey saks will join us to discuss that in just a moment. ♪ here i am stuck in the middle with you ♪ ♪ yes i'm stuck in the middle with you ♪ color, and design. showing up where we least expect it. and taking inspiration from our wildest dreams. because kohler doesn't see the world in fixtures and faucets. it reimagines. coloring our lives in ways only bold could do, it's no wonder the world can't wait to see what kohler does next. ♪ (announcer) answer the call of the grill with new friskies grillers, full of meaty tenders and crunchy bites. (dad) just feather it out. (son) ok. feather it out. (dad) all right. that's ok. (dad) put it in second, put it in second. (dad) slow it down. put the clutch in, break it, break it. (dad) just like i showed you. dad, you didn't show me, you showed him. dad, he's gonna wreck the car! (dad) he
and we hope that there will be some kind of resolution before we hit this disastrous debt ceiling. thank you, sir. >> thank you, martin. >>> coming up, the great american middle. it exists, regardless of what washington may have you believe. and jeffrey saks will join us to discuss that in just a moment. ♪ here i am stuck in the middle with you ♪ ♪ yes i'm stuck in the middle with you ♪ color, and design. showing up where we least expect it. and taking inspiration from...
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Oct 16, 2013
10/13
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MSNBCW
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. >> when we get past this shut down and the debt ceiling, there a lost issues that need discussions. a lot of people talk about immigration reform and what that will be not only for immigration, but economy and growth as a whole. many others you need to work on. growing the economy is the most important. >>> you satisfied with the speaker of the house? are. >> yeah. i would not want his job. he has a very -- >> you don't want him to go anywhere should. >> >> absolutely. look, for me to suggest he would go is for me to suggest i have a better plan. it's easy to criticize the people on the top. let me say this. i don't think we would be in a situation we are in today had the conference supported the play call. had we supported what he was trying to do before the government shut down, i think we wouldn't have gotten to this situation. >> you say he made a mistake listening to the right? >> it's not so much him listening, but he has to have 218 votes to move anything. unlike when i was in the minority, nancy pelosi had a majority. if 20 guys vote no, he can't move a bill. he has a tough
. >> when we get past this shut down and the debt ceiling, there a lost issues that need discussions. a lot of people talk about immigration reform and what that will be not only for immigration, but economy and growth as a whole. many others you need to work on. growing the economy is the most important. >>> you satisfied with the speaker of the house? are. >> yeah. i would not want his job. he has a very -- >> you don't want him to go anywhere should. >>...
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Sep 30, 2013
09/13
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CNBC
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remember back in august 2011, with the debt ceiling issue and made it to the s&p downgrade. the dow went through three weeks of massive triple digit moves either way and settled down. >> but we didn't default. >> no. >> you know, we weren't kicked out of our house with all our bags on the sidewalk. you know, and our children and dogs sitting on the lawn. >> the u.s. really has -- some argue that in 33 or 1790 america sort of defaulted on its debt. but in practicality we never have defaulted on our obligations which to your point is the reason why people buy our debt. it is rock solid. >> right. >> so i like your perspective which is that no matter the political vitriol is in d.c., let's pray, hope, neither side is dumb enough to risk something they could never get back. >> right. >> it's short term. the whole word default, when you hear default you don't have enough money to pay bond holders interest. as long as you have a printing press you will be. default used in the wrong way. it's a temporary mess rather than a default. >> a sense in reality, this is a made up mess. by
remember back in august 2011, with the debt ceiling issue and made it to the s&p downgrade. the dow went through three weeks of massive triple digit moves either way and settled down. >> but we didn't default. >> no. >> you know, we weren't kicked out of our house with all our bags on the sidewalk. you know, and our children and dogs sitting on the lawn. >> the u.s. really has -- some argue that in 33 or 1790 america sort of defaulted on its debt. but in practicality...
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Mar 1, 2013
03/13
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CNNW
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and they will have to debate the issue in the next few months when the debt ceiling has to be raised again. so even if they work out the government shutdown issue, this so-called continuing resolution, they have other issues down the road. so right now, just to be precise, the forced spending cuts will go into effect at midnight tonight. and then we'll see what happens basically. there is nothing congress will do. they're all on recess until next monday and tuesday. >> right. they're gone. there is nothing that can be done. at this point right now we'll wait for the president to sign the order that he must sign to start the ball rolling for these forced cuts to go into effect. but we just heard for a while from the president. let's listen to what the house speaker did say to reporters coming out of the meeting thorn. >> the american people know washington has a spending problem. and while there are smarter ways to cut spending than the process that we're about to engage on, the house shouldn't have to pass a third bhil before till before does anything. the house has laid out a plan t
and they will have to debate the issue in the next few months when the debt ceiling has to be raised again. so even if they work out the government shutdown issue, this so-called continuing resolution, they have other issues down the road. so right now, just to be precise, the forced spending cuts will go into effect at midnight tonight. and then we'll see what happens basically. there is nothing congress will do. they're all on recess until next monday and tuesday. >> right. they're...
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Oct 2, 2013
10/13
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FOXNEWSW
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but he is scared to death about the debt ceiling, so that's the leverage that the republicans have on this issue. it's not on the cr. it's a tactical mistake. >> the irony these guys came into office and got obama care passed in the first place on the basis that a crisis is a terrible thing to waste. >> it's interesting to watch democrats because you know it seems like they have the upper hand, at least you look at polls across the country, and so what is the impetus to really make this come to an end to give speaker boehner an exit ramp, a "w"? >> the white house and democrats on the hill know they have the upper hand at this point but the longer that this shutdown continues, and if it runs up against the debt ceiling the fear for them is overreached and does the public look at washington and not decide that there is any difference between republicans, democrats and capitol hill and the white house. they have an incentive to get it wrapped up at some point, and they wouldn't mind to have this go on another day or two to boost their cause. >> listen to what was said moments ago on the
but he is scared to death about the debt ceiling, so that's the leverage that the republicans have on this issue. it's not on the cr. it's a tactical mistake. >> the irony these guys came into office and got obama care passed in the first place on the basis that a crisis is a terrible thing to waste. >> it's interesting to watch democrats because you know it seems like they have the upper hand, at least you look at polls across the country, and so what is the impetus to really make...
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Oct 9, 2013
10/13
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MSNBCW
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ceiling with respect to the issue that drives the long-term debt and maybe there were specific pieces that were attainable. the re350e8 of the medical device tax. this issue was side tracked by the folks in the senate and a few dozen members of the house who want to fund the health care law. i and many others say it would only lead to a government shut down and the health care law would fund it. >> it sounds like you think the health care position is a reasonable one. short-term clean on everything and sit down and talk during that period of time. >> i think the president has to start talking and negotiating. he cannot pretend to be a spectator. that said, i believe we must pass a short-term bridge for 30 days and a 30-day debt ceiling increase. clean. that's where this may lead. i'm prepared to support that too, but that could be where we are going and that could break the log jack and we can talk. i wanted to say one thing. i have been working with representative ron and a group of republicans and democrats. to try to really break it by making a reasonable suggestion. fund the gover
ceiling with respect to the issue that drives the long-term debt and maybe there were specific pieces that were attainable. the re350e8 of the medical device tax. this issue was side tracked by the folks in the senate and a few dozen members of the house who want to fund the health care law. i and many others say it would only lead to a government shut down and the health care law would fund it. >> it sounds like you think the health care position is a reasonable one. short-term clean on...
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Jan 1, 2013
01/13
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>> i think the debt ceiling is really the move powerful and problematic. we saw this in august of 2011 when people start to raise questions about is the government actually going to pay its debt, can the government issue bonds, can it fund its operations, that's a pretty serious situation. if it gets to that point, we technically hit this debt ceiling, there are things the treasury secretary can do over the next couple months, avoiding putting payments into pension plans, things like that so we don't go over it. but at some point that has to be resolved and resolved in such a way that, you know, we are able to borrow, that people, bond investors will know they can buy these bonds and that the government will not be shutting down for lack of funds. i think that is the more serious of the two issues. >> from a main street perspective, we just finished the holiday shopping season and the sales numbers weren't very encouraging and a lot of analysts said one of the reasons, one of the things that impacted consumer confidence were fears over the looming fiscal c
>> i think the debt ceiling is really the move powerful and problematic. we saw this in august of 2011 when people start to raise questions about is the government actually going to pay its debt, can the government issue bonds, can it fund its operations, that's a pretty serious situation. if it gets to that point, we technically hit this debt ceiling, there are things the treasury secretary can do over the next couple months, avoiding putting payments into pension plans, things like that...
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Oct 16, 2013
10/13
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ceiling, and the issue there. >> well, in the senate, the action going on there now, two of the republican congressmen that refused to bend to the demands and from more moderate republicans in the house, we'll join them next, and ask them how they feel about the principled stand and the results. >>> plus, the president just said there is no evidence that the health care overhaul is hurting jobs. ahead, we'll speak with a man who employs more than 70 thousand people, and we'll hear vo: two years of grad school. 20 years with the company. thousands of presentations. and one rd earned partnership. it took a lot of work to get this far. so now i'm supposed to take a back seat when it comes to my investments? there's zero chance of that happening. avo: when you work with a schwab financial consultant, you'll get the guidance you need with the control you want. talk to us today. does your dog food have? 18 percent? 20? new purina one true instinct has 30. active dogs crave nutrient-dense food. so we made purina one true instinct. learmore at purinaone.com and better is so easy withrning you cabe
ceiling, and the issue there. >> well, in the senate, the action going on there now, two of the republican congressmen that refused to bend to the demands and from more moderate republicans in the house, we'll join them next, and ask them how they feel about the principled stand and the results. >>> plus, the president just said there is no evidence that the health care overhaul is hurting jobs. ahead, we'll speak with a man who employs more than 70 thousand people, and we'll...
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Oct 13, 2013
10/13
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KBCW
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of the debt ceiling and the president said okay, but only after you do a cr. oh, i am not ready to talk about that. come back when you are. yes, there is going to be a deal. >> because someone blinked? >> not so much because of someone blinking, but because the republicans have found themselves on the short end of all the polling results. it is the lowest ever in the history of republican acceptance. they are down below 25. the president is still where the president has been most of the time. now the question is can you get the democrats to supply the muscle for 20 or so republicans that the speaker will have to make the deal? i think they will. >> how does boehner accept the democrats' votes at the end -- let his tea party people go off without being branded as a turncoat, and then tossed out? >> well, he has got to be extremely careful. fortunately for him the tea party members do not have a sufficient number of people to dump him. it is like yes, they can make a motion to replace it, but there are a few votes short inside of the republican caucus. he can no
of the debt ceiling and the president said okay, but only after you do a cr. oh, i am not ready to talk about that. come back when you are. yes, there is going to be a deal. >> because someone blinked? >> not so much because of someone blinking, but because the republicans have found themselves on the short end of all the polling results. it is the lowest ever in the history of republican acceptance. they are down below 25. the president is still where the president has been most of...